Management And Administrative Services Agreement

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What is a Management And Administrative Services Agreement?

A management and administrative services agreement is contract between a management/administrative service provider that procures their work for a third party. This third party is typically a business or corporation, but can be an individual sole proprietor, as well. Details about what the roles and responsibilities of each party are, as well as the length of the contract term and information about compensation is all included within the agreement.

The purpose of the management and administrative services agreement is to ensure both parties are understanding of their obligations under the contract. It also provides vital details about the agreement if litigation happens.

Common Sections in Management And Administrative Services Agreements

Below is a list of common sections included in Management And Administrative Services Agreements. These sections are linked to the below sample agreement for you to explore.

Management And Administrative Services Agreement Sample

MANAGEMENT AND ADMINISTRATIVE SERVICES AGREEMENT

Seadrill Management AS

Seadrill Partners LLC

APPOINTMENT AND EFFECTIVE DATE